Stripe Eyes Leap to Core of Next-Gen Finance through Acquisition of Virtual Asset Companies

Global online payments company Stripe is driving fintech innovation through acquisitions of virtual asset (cryptocurrency) firms. Previously, Stripe acquired the non-custodial crypto wallet Privy and stablecoin payments startup Bridge.

On the 22nd (local time), Forbes reported that Stripe is quietly building a virtual asset-based financial operating system that completely excludes banks, through its acquisitions of Privy and Bridge.

Last year, Stripe processed payments totaling over $1.4 trillion. Already, millions of companies use Stripe's payment infrastructure. As a result, analysts note that if Stripe's virtual asset payment system is integrated into the current infrastructure, a massive volume of payments could be naturally carried out through virtual assets.

The media outlet explained, "Stripe is building a 'decentralized financial infrastructure' that needs neither sponsor banks nor customer fund custody by integrating the infrastructures of Privy and Bridge," adding, "Through this technology, Stripe has greatly enhanced its flexibility and scalability in advancing its fintech operations."